HomeMy WebLinkAbout2933t8. Accele~atiun: Remediee. ~:cept es provided in paragreph 17 hereot. upon Borrowor'~ bresch ot sny oovenant or
agreement ot Borrower in this Mortgage. including the covenan~d to pay whe~ due any ~um~ ~ecured by this Mort`a~e, Lender
prior to acceleration shail mail notice to Borrower ae provided in paragrapb 14 hereof specifj~in~:ll) the bresch: (2) the aMion
reyuired to curE euch breach; (3) a date, not leee than 30 days A~om the date the notice is malled to Borrower. by which such
breach muet be cured; and (4) that tailure to cure such breach on or be[ore the date opecitied in the notice may result in
~~cceleration otthe sume eecured by thie MortgaBe. torecloeure by judicial proceedln~ and sale o[the Property.The notice shell
further intorm Barrower ot the right to reinatate after acceleration end the rl~ht to asaert in the foreclosure Proceedinil ~be
~~~n-exietence of a detault or any otl~er defenae of Borrower to accelera~ion and foreclosure. l~ the breach i~ not cured on or
t-efore the date spc~.if:ed in the notice. Lender at Lender'e option may declare all o! the sume secured by this Mortga~e to be
immedie~tely due and payable without further demand and may forecloae this Martga~e by judiciai proceeding. Lender ahall be
~~ntitled to callect in such proceeding all expenaex of [orecloeure. including. but not limtted to. reaeo~able attorney'e [eea. and
. usta ot documentary evidence. abetracts and title reporte.
19. Borrower'a Right to Reinatate. Notwithetanding Lender s acceleration of theaums eecured by thia Mortgage, Borrower shall have
che right to have any proceedings begun by [.ender to enforce thia Mortgage diecontinued at any time prior !o entry of a judgment enforcing
^ __ ~__ _~~ _..~.. . -.' {. ...~ 1.~ -.e 11.an rino unri'- thi~ MoTti[BYe. ~1C NOLC 9I1d I10LCe 88CURRg ~I~ULC
It118 MOCL~B~(@ lI: ~S- FK1fNWC~ ~WJO uawca uu o~.• .. .°: :.~...
Advances, if any, had no acceleretion occurred; lb) ~~Wer cures all breachee of any other covenants or egreementa oi Borrower contained in
this Mortgage; (c) Borrower paye all masouable expensee incurred by l.ender in enforcing the covenanta and agreemente of Borrower
c~~ntained in this Mortgage and in enforcing l.ender's remediee ae pwvided in paragraph 18 hereof, including, but ~ot limit~d to, reaaonable
~i ttorney's feea; and (d1 Borrower takee euch action aa l.ender may masonably require to aseure that the lien of thia Mortgage, Lendei s interest
i n the Property and Borrower's obligation to pay the euma secured by this Mortgage ahall continue unimpaired. Upon such payment and cure
k,v E3orrower, this Mortgage and the obligationa secured hereby shall remain in full force and effect aa J no acceleration had occurred.
Z0. Aeaignment ot Reata; Appointment of Receiver. As additional security hereunder, Borrower hereby aseigns to Lender the renta
~~ f the Property, provided that Borrower ahall, prior W acceleration under paragraph 18 hereof or abandonment of the Property, have the right
e~~ collect and rntain such renta as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, l.ender ahall be entitled to have a receiver appointed by a
rourt to enter upon, take poaseaeion of and manage the Property and to collect the rente of the Property, including thoee peat due. All rents
cvllected by the receiver ehall be applied first to payment of the costa of management of the Yroperty and rnllection of renta, including, but not
I imited to, receiver's feea, premiuma on receiver'e bonda and reasonable attorney's feea, ~nd then to the euma eecured by this Mortgage. The
receiver ehall be liable to uca~unt only for thoae rente ectualiy received.
21_ ~ture Advsacee. Upon requeet by Borrower. Lender, at Lendei e option with~n twenty yeara from the date of this Mortgage, may
m~ke Future Advancee to BurroWer. Such Future Advancea, w~th ~~ter~et thereon, ehall be eecured bY t}-is Mortgage when evidenced by
promiseory notee stating that said notes are eecured hereby. At no time shall the principal amount of the indebtedness eecured by thie
1lortgaSe, not includin~~u~e advanced in accordan~e herewith lo Protect t}-e aecurity of this Morigage, e:ceed the original amount of the
'`ote plue U.S.S
22 Beleaee. Upon payment of all sums secured by this AlortgaBe, Lender ahall releaee this Mortgage without charge to rruwer-
lturrower shall pay all coats of recordation, i[ any.
23. Attorney'B Fees. As ueed in thie Mort~tage and in the Note. "attorney's fees" ehall include altorney's fees, if any, which may
~warded by an appellate court_
i~ WIT~Eti.ti WNF.KEUF. Borrower has executed this Mortgag~.
~igned. sealed and delivered
,n the presence of:
~~~~~~. . ~.~~- . . . . . . . . . .
Witne~s
"_ _ . . . . . . ~~: . . C. . : /. .~c~~!~`~ . - - . - . . . .
' Witness
C'~%y'~ _".K~~fr! . . . . _ . . .
John S. Sl mm
. ~'ti c ~ , . ` ~' '~' . . ~ ~r . ~~ .1
Lois M. Slimn
~TATF (1F ~' [.UKII)t* _ . . . . . . . . . _ . . S t : ~-UC 1 e . . . . . . . . . . . . . . . . COUilty 3S:
... ........ cseal)
_~..~..~.
...........tSeal)
~ -F~ORUyH
I hereby certify that on this day, before rne, an officer duly authorized in the state aforesaid and in the county aforesaid to
tokeacknowledgements. Personalty appeared......~Ohn•-S...~limm.and.l.oi~..M...S.l.iwn,.i~is..wi.f.e ..............
. . . . . . . . . . . . . . . . to me known to be the person(s) desrribed in and who executed the
...............
......................
foreRoing instrument and acknuwledKed before me that .. thQy . ............ executed the sa~ for the purpose t erein
expressed. - ---- daY of
-•-•-•••-•••-•-..
WITNESS my h and fficial seal in the county and state aforesa~d t~s ..•-----•~- -
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\otary• F'uGhc
i1~.ac~• K~ i„u Th~, L~nr• Kt'+rn ~~d F~+~ l•vnd•~~ nnd HFC'~,rdv~i
1581 ;,'" - I f;: 3~ ~; 5
This Instrument Prepared by:
Thomas H. Nenson____________
Firat Federal Savings and luan
Association of Fort Pierce. Florida :~:;4:~(1
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